Nexas's Intraday Range Bar Trading | Page 25 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

3 Bar Fractal with mid-bar and bar on each side 11 replies

Change indicator narrow range bar NR4 to wide range bar WR4 0 replies

Range Bar Trading with Nexas 62 replies

How do I determine what size range bar is comparable to a daily bar? 6 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Nexas's Intraday Range Bar Trading
Exit Attachments

Nexas's Intraday Range Bar Trading

  • #481
  • Feb 3, 2012 9:00am Feb 3, 2012 9:00am
Whatever size lot's your planning on starting with...cut them in half. TRUST me...you'll be happy you did. Try that for 2 months and if you're account is positive after trading everyday for 2 months then start trading with your original lot size you planned.


Quoting Krisdetrader
Hi all,

Trust all is well.

Today is my last working day and from the following Monday I will start full time trading.
The first week I will spend trying to take only the most obvious patterns to avoid unnecessary risk and overtrading.
[size=3]I will be posting them on this forum. Any (constructive J[font=Calibri]) feedback is very...
  • #482
  • Feb 3, 2012 10:16am Feb 3, 2012 10:16am
Ok mate.

Working with smaller lots will definitely release some pressure (but not too loudly!) from me .
  • #483
  • Feb 5, 2012 9:51am Feb 5, 2012 9:51am
Quoting Krisdetrader
Hi all,

Trust all is well.

Today is my last working day and from the following Monday I will start full time trading.
Best of British to you Kris, Just trading the two RB methods? or do you have alternatives should you happen to not be in harmony with RB's.

regards
doc.
  • #484
  • Feb 6, 2012 3:59am Feb 6, 2012 3:59am
Hi Doc,

Thanks for your kind words.

I do not have other strategy other than on this thread, and I still overtade! you know, someone on FF said - once a scalper - always a scalper .
In my case - bad scalper. haha!
I find myself using A+ setups from time based charts, and it doesn't work that way on Rbars...

Patience, patience - said the man...
  • #485
  • Feb 6, 2012 5:23am Feb 6, 2012 5:23am
Quoting Krisdetrader
Hi Doc,

Thanks for your kind words.

I do not have other strategy other than on this thread, and I still overtade! you know, someone on FF said - once a scalper - always a scalper .
In my case - bad scalper. haha!
I find myself using A+ setups from time based charts, and it doesn't work that way on Rbars...

Patience, patience - said the man...
Am I understanding this correctly?

The three most important things in trading (in order of importance) are:
1) Risk / Money Management
2) Psychology (Confidence, Patience, Persistence, Courage)
3) Setups

You say you overtrade. So you don't practice sound Risk / Money Management.

You call yourself a bad scalper and say that is what you do.

You only have a couple of setups, and these are setups that only work in very specific and somewhat rare market conditions.

And you just quit your job to trade for a living.
  • #486
  • Feb 6, 2012 5:50am Feb 6, 2012 5:50am
sc,

Thanks for your feedback.
I know what you mean. Apart from yours and nexas's setups I was trying some other things, that's all. Today has been quite a good morning for me.

I know I need to practice more those things you mentioned, but we have to start at some point, don't we?

I will try to post my trades at the end of the day. And yes, I will skip those not in line with this thread.
  • #487
  • Feb 6, 2012 6:01am Feb 6, 2012 6:01am
Quoting Krisdetrader
sc,

Thanks for your feedback.
I know what you mean. Apart from yours and nexas's setups I was trying some other things, that's all. Today has been quite a good morning for me.

I know I need to practice more those things you mentioned, but we have to start at some point, don't we?

I will try to post my trades at the end of the day. And yes, I will skip those not in line with this thread.
Don't get me wrong, I wish you all the best. My only point was that usually you want to have all three of these most important things solidly in place before you quit your job.
  • #488
  • Edited 4:37pm Feb 6, 2012 11:03am | Edited 4:37pm
Hi sc,

I know... I will try harder.

Hi all,

My lousy pics for your judgment .

Green pips to all of you!

Attached Image (click to enlarge)
Click to Enlarge Name: 06feb 1.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 06feb 2.gif Size: 23 KB
  • #489
  • Feb 7, 2012 5:43am Feb 7, 2012 5:43am
Hi all,

I didn't take this one (just a moment ago) as it was not with 8R nor mom agreement. Trust I read those right...
Hopefully Nexas will be back soon...
Attached Image (click to enlarge)
Click to Enlarge Name: 07feb 2.gif Size: 10 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 07feb 1.gif Size: 12 KB
  • #490
  • Feb 7, 2012 7:10am Feb 7, 2012 7:10am
Here's my first trade of the day. 6e bounced off the pivot so it seemed a good profit target.
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-12 (5 RangeNoGap) 2_7_2012.jpg Size: 64 KB
  • #491
  • Feb 7, 2012 8:00am Feb 7, 2012 8:00am
Here's my second trade of the day. Switched to the larger RB chart for entry because of the volatility.
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-12 (9 RangeNoGap) 2_7_2012.jpg Size: 49 KB
  • #492
  • Feb 7, 2012 11:02am Feb 7, 2012 11:02am
Hey Nexas,

You need to get back in the saddle soon. Your stuff was smokin' today during the U.S. a.m. session. 11 winners and 5 losers with the winners making much more per trade than the losers lost. Had one 50 pip runner (which is a heap on the 4 pip chart I was trading and this runner alone almost singelehandedly made up for all the losers) and also had a 30+ pipper.

The 5 pip chart would have had a couple less losers but also a couple less winners. So the win rate would have been better, but the $ less.

So far I've not come up with a filter that improves $, although I can improve win rate (but at the cost of considerable $). Even momentum is not terribly useful to filter out your trades, although it can help in picking good trades against the EMAs.
  • #493
  • Feb 8, 2012 2:04am Feb 8, 2012 2:04am
I am wondering if anyone would be willing to offer me help.

I called Interactive Brokers, they said their Trader Work Station software does not support Range Bars.

Ultimately, I am looking for an incredibly reliable broker when I increase Lot sizes. Interactive Brokers is the only company I know of.

Can anybody who is actually using Trader Work Station verify this?

I really appreciate it if someone will take the time to help.
  • #494
  • Feb 8, 2012 2:25am Feb 8, 2012 2:25am
Hi John, Can you explain your "early warning system" and how to use the momentum indie?

Quoting scjohn
Here's a suggestion to help mollify the fear and give you confidence to let a trade run. It's an early warning system that can tell you when a trade is likely (never guaranteed) to run a lot or if it's a good idea to take profits early. Almost all indicators, including moving averages are lagging indicators -- they follow price. However, there are a few that, when used in the right way, can be leading indicators -- they hint at where price is likely to go. This does not mean they are always right but the percentages are on your side.

If...
  • #495
  • Feb 8, 2012 2:37am Feb 8, 2012 2:37am
Quoting chiba_san
Ultimately, I am looking for an incredibly reliable broker when I increase Lot sizes. Interactive Brokers is the only company I know of.
Hello.

I can't help, unfortunately, but the Broker Discussion forum might have some useful info: http://www.forexfactory.com/forumdisplay.php?f=74

cheers
olpip
  • #496
  • Feb 8, 2012 2:49am Feb 8, 2012 2:49am
Quoting chiba_san
I am wondering if anyone would be willing to offer me help.

I called Interactive Brokers, they said their Trader Work Station software does not support Range Bars.

Ultimately, I am looking for an incredibly reliable broker when I increase Lot sizes. Interactive Brokers is the only company I know of.

Can anybody who is actually using Trader Work Station verify this?

I really appreciate it if someone will take the time to help.
You can use Ninjatrader as a front end to IB, thus keeping IB and getting range bars from the Ninjatrader platform.
  • #497
  • Feb 8, 2012 7:22am Feb 8, 2012 7:22am
Quoting medici
You can use Ninjatrader as a front end to IB, thus keeping IB and getting range bars from the Ninjatrader platform.
I second that - NT is an excellent platform, and it supports several good brokers.
One Chart is Worth Ten Thousand Words.
  • #498
  • Feb 8, 2012 9:13am Feb 8, 2012 9:13am
Quoting Forex007
I second that - NT is an excellent platform, and it supports several good brokers.
I'll third that. I love NT. I use it to front end MB Trading who I like a lot as a broker but whose internal trading platform is beyond pathetic.
  • #499
  • Feb 8, 2012 10:07am Feb 8, 2012 10:07am
Quoting chiba_san
I am wondering if anyone would be willing to offer me help.

I called Interactive Brokers, they said their Trader Work Station software does not support Range Bars.

Ultimately, I am looking for an incredibly reliable broker when I increase Lot sizes. Interactive Brokers is the only company I know of.

Can anybody who is actually using Trader Work Station verify this?

I really appreciate it if someone will take the time to help.

I use Interactive Brokers (TWS) but with NinjaTrader as a front-end for charting and placing orders. With Ninja you can have range bars , Renko bars, whatever you want.
  • #500
  • Feb 8, 2012 12:25pm Feb 8, 2012 12:25pm
Anybody else catch those two lucrative picture-perfect Fade the Corners trades during the U.S. a.m. session? Triggers were at 8:31 EST and 10:24 EST. There was also a scratch FTC at 4:37 EST and a nice winner at 4:50.

These were on the 8 pip chart. I don't know how well FTC would do on the 4 pip chart but I suspect not as well. It's essentially pullback from strong support / resistance and 4 pips may not be significant enough. But I don't know because I've never examined it.

Like I said when I posted the 8-pip-chart setup on January 22, it does particularly well in stagnant markets when Nexas and other trend trades aren't available. Since January 22, FTC has done extremely well. My last analysis of FTC was almost a year ago, so I think I'll post an analysis of the trades since January 22 (there were several). Since, from your standpoint, anything prior to that could be curve-fitted backtesting, I'll stick to the "out of sample" period after January 22.

Will probably take a few days to finish it, but it's time for me to update FTC anyway.
1 trader viewing now